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United Europe

The European Union has 28 member states, 17 of which are on the common currency. Founded through a string of treaties beginning in the 1950s, the EU has developed its own economic, political and legal policies. Taken as a whole, the EU is the world's largest economy.

Breaking a Taboo: Plans for Euro-Zone Tax Take Shape

Breaking a Taboo: Plans for Euro-Zone Tax Take Shape

SPIEGEL ONLINE - July 30, 2015

After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor Merkel is skeptical. By Michael Sauga, Christian Reiermann and Christoph Schult more... Comment ]

Victory in Defeat? Alexis Tsipras Has Shown Greeks He Can Save Them

Victory in Defeat? Alexis Tsipras Has Shown Greeks He Can Save Them

SPIEGEL ONLINE - July 17, 2015

He'll have to implement tougher savings measures than any of his predecessors, despite his fight to end them. But Greek Prime Minister Alexis Tsipras could still come out of the euro crisis as the victor, leading his country for years to come. By Julia Amalia Heyer in Athens more... Comment ]

A Government Divided: Schäuble's Push for Grexit Puts Merkel on Defensive

A Government Divided: Schäuble's Push for Grexit Puts Merkel on Defensive

SPIEGEL ONLINE - July 17, 2015

German Finance Minister Wolfgang Schäuble had a plan to push Greece out of the euro zone. Chancellor Merkel wasn't sure what to do about it. The result is widespread resentment of Germany and a damaged Franco-German relationship. By SPIEGEL Staff more... Comment ]

The Fate of Greece: Decision Time for Tsipras and Merkel

The Fate of Greece: Decision Time for Tsipras and Merkel

SPIEGEL ONLINE - July 10, 2015

Greek Prime Minister Alexis Tsipras has gambled away all support in Brussels. Now, he and German Chancellor Angela Merkel have to make a momentous decision. Meanwhile, Greece's creditors are divided about how to proceed. more... Comment ]

Opinion: Why a Grexit Must Be Avoided

Opinion: Why a Grexit Must Be Avoided

SPIEGEL ONLINE - July 10, 2015

Europe is preparing for a Grexit and German voters would like to see the country leave the common currency regime. That, though, would be the wrong move. A Grexit must be avoided at all costs. A Commentary by Mathieu von Rohr more... Comment ]

Greek Foreign Minister Kotzias: 'The Principle of Hope Is Very Powerful'

Greek Foreign Minister Kotzias: 'The Principle of Hope Is Very Powerful'

SPIEGEL ONLINE - July 10, 2015

In a SPIEGEL interview, Greek Foreign Minister Nikos Kotzias discusses the recent referendum and explains why he believes the power of hope might help revive Greece's fortunes. Interview Conducted by Manfred Ertel more... Comment ]

Operation 'Ochi': Zero Hour for Greece

Operation 'Ochi': Zero Hour for Greece

SPIEGEL ONLINE - July 03, 2015

Prime Minister Alexis Tsipras has led his country into chaos. Divisions in Greek society are growing and Sunday's referendum may not be enough to pull the country back from the brink. By Julia Amalia Heyer, Katrin Kuntz and Alexander Smoltczyk more... Comment ]

Angela's Ashes: How Merkel Failed Greece and Europe

Angela's Ashes: How Merkel Failed Greece and Europe

SPIEGEL ONLINE - July 03, 2015

Angela Merkel relishes her reputation as queen of Europe. But she hasn't learned how to use her power, instead allowing a bad situation to heat up to the boiling point. Her inability to take unpopular stances badly exacerbated the Greek crisis. By Peter Müller and René Pfister more... Comment ]

The Bill: Germany Faces Billions in Losses If Greece Goes Bust

The Bill: Germany Faces Billions in Losses If Greece Goes Bust

SPIEGEL ONLINE - June 30, 2015

Vast amounts of German money are at stake if Greece goes bankrupt -- with liabilities as high as €84 billion. Even though that figure is a large one, it would be paid over years and dangers to the Berlin budget are limited. By Florian Diekmann more... Comment ]

Greece's Referendum: The Price of Five Years of Cowardice

Greece's Referendum: The Price of Five Years of Cowardice

SPIEGEL ONLINE - June 29, 2015

Much of Europe is outraged by Alexis Tsipras' decision to hold a referendum on reforms in Greece. But how did the euro zone allow an economically irrelevant country of 11 million to bring the common currency to the brink? Through cowardice. By Christian Rickens more... Comment ]

Opinion: We Are Living in the Anti-Europe

Opinion: We Are Living in the Anti-Europe

SPIEGEL ONLINE - June 29, 2015

The Greek crisis has destroyed an old dream about the future of Europe. The only possibility for moving the EU in the direction we were promised is a radical solution -- either a Grexit or an expensive debt haircut. By Dirk Kurbjuweit more... Comment ]